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Overview
The myDataLogic integration allows you to connect client data collected externally into AdviserLogic, helping streamline onboarding and maintain accurate client records. This integration is particularly useful when clients complete fact finds or provide financial data through third-party tools, as it enables that information to flow directly into AdviserLogic without manual entry.
Once configured, client data can be linked and managed through the Fact Find and Account Codes sections, ensuring consistency across your database.
Share Your Bank Details with Your Financial Adviser Using myDataLogic
By leveraging myDataLogic's integration with your Financial Adviser's AdviserLogic software and Client Login, you can share your banking details, reducing the risk and time of sending sensitive bank information via unsecured emails.
The advantages of this collaboration are significant – granting your adviser a live snapshot of your financial situation, enabling them to tailor advice to empower your financial journey.
Your adviser will never have access to your accounts; only your account balances will be visible. This arrangement allows them to offer guidance on your financial decisions while ensuring you maintain full control over the feed. You have the flexibility to reveal or conceal specific accounts at your discretion and can deactivate them at any time, ensuring a fully customizable and secure experience.
How do we secure your information?
AdviserLogic has leveraged Basiq's Open Banking platform to prioritise data protection.
📌Note
Image from Basiq’s security policy.
The introduction of Open Banking allows financial advisers to provide personalised services based on actual financial transactions, leading to actionable insights.
Get Started
To connect your bank to myDatalogic you must first have an active Client Login.
From Client Login, Navigate to the myDataLogic tab from your home screen. Select the Add New Account button.
A Terms and Conditions window will show, select Accept to continue.
A pop-up window will prompt you to search for or select your financial institution.
See a list of Current Participating Financial Institutions as of November 13 2023.
After choosing or entering your banking institution, enter your online banking login credentials and select Connect.
Once the connection is established you will receive a confirmation notification.
Your banking details associated with the financial institution will now show in the myDataLogic tab screen
📌Note
If your accounts do not immediately show you may have to log out of, and back into Client Login.
You can then decide which accounts and information you choose to allow your financial adviser to see by selecting the toggles along the right hand side of each account.
You can also switch off the entire bank feed by selecting the On/Off switch along each financial institution.
When selecting this option, you will be prompted by a confirmation dialogue - this process is reversible.
You are always in control of the information you choose to provide to your financial adviser.
What does my adviser see?
Your adviser will only ever see the information you have provided to them.
This information will seamlessly integrate into their AdviserLogic software, enabling them to offer you highly personalized advice rooted in an accurate and up-to-date representation of your current financial situation.
